Featured News
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IRS offers sneak peek of Form 1099-DA for digital assets
The IRS recently posted the highly anticipated draft Form 1099-DA on its website, which brokers will use to report digital asset transactions.
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Updated FAQs offer details on phase-in timing of BOI access
Updated FAQs from FinCEN say Treasury will phase in access to BOI beginning this spring with a pilot program for some federal agency users and concluding in spring 2025.
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FTC votes to ban noncompete agreements for most workers
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by the FTC.
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AICPA letter to FinCEN supports small RIAs
The AICPA recently sent a letter to FinCEN expressing concerns over the potential impact of proposed regulations on small registered investment advisers (RIAs).
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IRS promotes 2024 Nationwide Tax Forum
The IRS is inviting tax professionals to register for the 2024 IRS Nationwide Tax Forum, coming this summer to Chicago, Orlando, Baltimore, Dallas and San Diego.
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WICPA supports designating accounting as a STEM profession
The WICPA endorses two bipartisan bills that will expose more students to the accounting profession — and you can help.
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Despite moratorium, IRS gets 20K ERC claims weekly
Despite a moratorium since September on processing new claims for the pandemic-era employee retention credit (ERC), the IRS still averages 20,000 new applications weekly.
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Americans increase spending pace in March
U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground.
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Limited waiver granted for underpayment of corporate AMT
The IRS has provided a limited waiver for a corporate taxpayer's failure to pay estimated income tax with respect to its corporate alternative minimum tax (AMT) liability.
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IRS reports strong tax filing season, expanded services
With the April tax filing deadline now over, the IRS highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during the 2024 filing season.